From Financial Modeling Prep: 2025-04-15 16:57:00

Evercore ISI lowers Arista Networks (NYSE:ANET) price target to $100 from $130, citing tariff-related earnings pressure. Despite a 33% year-to-date drop and bearish sentiment, the firm believes downside risks are overstated. Arista is positioned to meet $750 million AI back-end revenue target and maintain full-year guidance, with potential for low 20s growth in 2025.

Tariffs may impact margins, prompting a 2% EPS trim per quarter. Arista’s global manufacturing footprint in Mexico and Malaysia helps offset the impact. Evercore views Q1 earnings on May 6 as a potential positive catalyst for shares. ANET remains a top pick despite the price target cut.



Read more at Financial Modeling Prep:: Arista Networks Remains a Top Pick at Evercore